Updated on May 2, 2024
This State of the Industry report aims to provide a comprehensive analysis of the transportation logistics industry, shedding light on its key drivers, trends, and emerging technologies. By examining the current landscape and forecasting future developments, we seek to equip decision-makers, industry professionals, and stakeholders with valuable insights to navigate the ever-evolving logistics landscape.
With the world becoming increasingly interconnected, the transportation logistics industry faces both immense opportunities and unprecedented challenges. Globalization, e-commerce, and advancements in technology have sparked a seismic shift in consumer expectations, supply chain strategies, and sustainability concerns.
Highlights for the general freight report include:
- Truckload demand has remained relatively stable through April, shaking off April's reputation of being a slower month
- The intermodal market is under pricing pressure as both domestic and international intermodal demand is higher than it was last year.
- The maritime market continues to recover from the Lunar New Year, but ocean container ship lines are seeing pricing power slip through their grasp.
- March's inflation reading was hotter-than-expected, tempering expectations for interest rate cuts throughout 2024.
- The labor market continues to appear strong, but underneath the hood, industries like leisure and hospitality are leading the hiring trends.
Download this free report monthly for key insights in the transportation industry.
